Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11240 Playa Ct Culver City, CA 90230-6127
    Property profile & analytics

    11240 Playa Ct, Culver City, CA 90230-6127

    View on Map
    • Manufacturing properties
    • 11,011 SF
    • 0.54 lot acres
    Off-Market
    Last Sale Aug 12, 2021
    $13,570,135
    Property ID
    US10-0340044
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $11,115,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 11240 Playa Ct

    Year built
    1961
    Construction
    TILT-UP CONCRETE
    Lot size
    0.54 lot acres
    Zone code
    CC-R3
    Property type
    Manufacturing properties
    APN
    4203-026-020
    APU
    4203026020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 12, 2021 $13,570,000 Playa Court Holdings LLC 11240 Playa Court LLC Grant Deed $7.4M · Zb NA
    Aug 12, 2021 — Playa Court Holdings LLC — Deed · related $4.9M · Zb NA
    Oct 1, 2020 — 11240 Playa Court LLC — Deed · related $1.1M · Banc Of California NA
    Sep 14, 2017 — 11240 Playa Court LLC — Deed · related $4.8M · Jpmorgan Chase Bank NA
    May 8, 2017 — 11240 Playa Court LLC — Deed · related $1.6M · California Bk&tr
    Feb 6, 2017 — 11240 Playa Court LLC — Deed · related $1.6M · California Bk&tr
    Jan 24, 2017 $3,019,500 11240 Playa Court LLC Marin Maria A Trust Grant Deed $1.4M · So Cal Cdc
    Oct 21, 2011 — Marin Maria A Trust Marin,maria JR Quit Claim Deed · related —
    Mar 20, 2008 — Maria A Marin Marin Eduardo A Trust Quit Claim Deed · related —
    Sep 6, 2007 — Maria Marin JR. Soicher E Living Trust Quit Claim Deed · related —
    Jul 12, 2004 — Soicher,tr Soicher,estelle Quit Claim Deed · related —
    — — Estelle Soicher — Deed Of Trust · related $260k · First Interstate Bank Californ
    — — 11240 Playa Court LLC — Deed Of Trust · related $1.6M · California Bk&tr
    — — 11240 Playa Court LLC — Deed Of Trust · related $1.6M · California Bk&tr

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $13,175,000
      ML approach
      $9,835,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $9,055,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Culver City
    County
    Los Angeles
    State
    California
    Longitude
    -118.39
    Latitude
    33.9916
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $163,687
    $11,294,582
    $2,823,645
    $14,118,227
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,400,000
      24,943 SF

      11244 Playa Ct

      MANUFACTURING (LIGHT)
      11244 Playa Ct, Culver City, CA 90230-6127
      View Details
    • Value Estimation
      $935,000
      6,000 SF

      5659 Selmaraine Dr

      MANUFACTURING (LIGHT)
      5659 Selmaraine Dr, Culver City, CA 90230-6119
      View Details
    • Value Estimation
      $500,000
      4,000 SF

      4014 Sepulveda Blvd

      MANUFACTURING (LIGHT)
      4014 Sepulveda Blvd, Culver City, CA 90230
      View Details
    • Value Estimation by Request
      1,250 SF

      4333 Sepulveda Blvd

      MANUFACTURING (LIGHT)
      4333 Sepulveda Blvd, Culver City, CA 90230-4715
      View Details
    • Value Estimation
      $580,000
      4,201 SF

      5621 Mesmer Ave

      MANUFACTURING (LIGHT)
      5621 Mesmer Ave, Los Angeles, CA 90230
      View Details
    • Value Estimation
      $675,000
      4,247 SF

      11817 Major St

      MANUFACTURING (LIGHT)
      11817 Major St, Los Angeles, CA 90230-6332
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Culver City Development Opportunity

      Vacant land in prime Westside location near Silicon Beach.
      11833 Major St, Los Angeles, CA 90230
      View Details
    • $2,495,000
      3,169 SF

      Mixed-Use Building in Prime Location

      Two-story mixed-use building with retail and office spaces for sale.
      4309 Overland Ave, Culver City, CA 90230
      View Details
    • Contact for pricing
      315,000 SF

      Class A Office Building

      Modern office building with dining, retail, and conference amenities.
      6163 W Centinela Ave, Culver City, CA 90230
      View Details
    • Contact for pricing

      Culver City Retail Leasehold Opportunity

      Former Toys R Us leasehold for sale in Culver City.
      11136 Jefferson Blvd, Culver City, CA 90230
      View Details
    • Contact for pricing
      4,199 SF

      West LA Freestanding Office Building

      Freestanding office building in West LA with on-site parking.
      11259 Washington Blvd, Culver City, CA 90230
      View Details
    • $1,655,000
      1,661 SF

      Culver City Duplex Opportunity

      Duplex in Culver City with upside and development potential.
      10796 Galvin St, Culver City, CA 90230
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property in Culver City

      Fully leased industrial property in Culver City, California.
      5750-5770 Hannum Ave, Culver City, CA 90230
      View Details
    • Contact for pricing
      21,397 SF

      Culver City Flex Space Available

      Flex space available for lease in Culver City.
      5721 Buckingham Pkwy, Culver City, CA 90230
      View Details
    • Contact for pricing

      Culver City Commercial Space

      Commercial real estate space in a Culver City business park.
      5800 Hannum Ave, Culver City, CA 90230
      View Details
    • Contact for pricing
      28,340 SF

      Buckingham Heights Freestanding Building

      Freestanding building in Buckingham Heights Business Park available for lease.
      5711 Buckingham Pkwy, Culver City, CA 90230
      View Details
    • Contact for pricing
      198 SF

      Industrial Property in Culver City

      100% leased industrial property in Culver City, California.
      5835-5859 Uplander Way, Culver City, CA 90230
      View Details
    • Contact for pricing
      1,500 SF

      Culver City Multi-Tenant Building

      Creative office, artist studio, warehouse, or workshop space available.
      11829 Teale St, Culver City, CA 90230
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11240 Playa Ct
    Culver City, CA 90230-6127
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11240 Playa Ct, Culver City, CA, 90230
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!